DXC Technology Company: Turnaround Timeline Likely Extends

研报英文原文证据摘录

DXC Technology Company: Turnaround Timeline Likely Extends

Update

May 13, 2026 11:30 AM GMT

Morgan Stanley & Co. LLCMDXC Technology Company | North America James E Faucette

Equity Analyst

Turnaround Timeline Likely James.Faucette@morganstanley.comShefali Tamaskar +1 212 296-5771

Research Associate

Shefali.Tamaskar@morganstanley.com +1 212 761-4948

Extends Michael N Infante

What’s Changed Michael.Infante@morganstanley.com +1 212 761-4631

Meryl R Thomas, CFA

DXC Technology Company (DXC.N) From To Research Associate

Price Target $15.00 $9.00 Meryl.Thomas@morganstanley.com +1 212 761-0774

DXC Technology Company (DXC.N, DXC UN)

Reaction to earnings

IT Services | United States of America

Unchanged In-line Meaningful revision lower Stock Rating Equal-weight

Impact to our thesis Financial results versus consensus Direction of next 12-month Industry View In-Line

consensus EPS Price target $9.00

Source: Company data, Morgan Stanley Research Shr price, close (May 12, 2026) $8.90

Mkt cap, curr (mm) $1,611

52-Week Range $17.26-8.41

Softer FY27 guide pushes out tturnaround. We are looking for Net debt (03/27e) (mm)* $453

evidence of Global Infrastructure Services (GIS)/Customer * = GAAP or approximated based on GAAP

Experience Services (CES) stabilization, sharpening execution vs. Fiscal Year Ending 03/26 03/27e 03/28e 03/29e

peers, and Gen AI monetization to turn more constructive. ModelWareEPS ($)** EPS ($) 0.053.26 (0.68)2.43 (0.02)3.29 0.013.35

P/E** 3.9 3.7 2.7 2.7

Div yld (%) 0.0 0.0 0.0 0.0

Key Takeaways

Unless otherwise noted, all metrics are based on Morgan Stanley ModelWare

Weaker execution and a challenged discretionary backdrop weighed on the framework

** = Based on consensus methodology

F4Q26 results & FY27 outlook e = Morgan Stanley Research estimates

Quarterly EPS ($)